How Coronavirus crisis could impact Vancouver Real Estate

(April 15, 2020)

Posted Apr 15, 2020 12:31 pm PDT

VANCOUVER (NEWS 1130) – With bad news about the economy due to the COVID-19 crisis coming out on an almost-daily basis, many are wondering what this all means for the real estate values in Metro Vancouver.

The economic numbers coming in seem to get worse every time an update is provided, but given the low supply of homes on the m... read more.

Provincial Mortgage Rates to remain flat due to COVID-19: BC Real Estate Assoc.

(April 01, 2020)

With the prime rate just under 3 percent, mortgage rates in BC could remain stagnant according to the BC Real Estate Association.

Chief Economist, Brendon Ogmundson told Vista Radio the effects of the coronavirus will vary depending on how long this lasts.

“This extends into mass layoffs and a big impact on employment if the trickle-down is a little more permanent and that is going to affect housing... read more.